Hollywood Starts with Animation
Chapter 699

Market Value Collapse!

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[Hard evidence: WorldCom has falsified earnings, engaged in malpractice, and committed commercial fraud!]

[The Securities and Exchange Commission announces: It has now verified that WorldCom's falsified revenue exceeds 3.8 billion dollars!]

[The corresponding evidence for WorldCom has already been submitted to the District Court in Jackson, the capital of Mississippi.]

[Former WorldCom CEO Bernard Ebbers denies the charges, firmly claiming the financial accounts are clean!]

Major media outlets including The New York Times, The Washington Post, Bloomberg, The Clarion-Ledger, Time, and Fortune, as well as all major American public television networks like NBC, CBS, WB, and ABC, have even launched follow-up reports in the form of miniseries.

Sales of major newspapers and magazines are booming;

Television viewership ratings remain consistently high;

For a time, the WorldCom scandal has completely become a matter of national attention and heated discussion.

Joe Nam, a renowned economics professor at New York University, stated clearly during an interview: "Since the end of the Cold War between the United States and the Soviet Union in the early 90s, the American market economy has shown a rapid development model. In particular, the opening of the broadband Internet information superhighway pushed the entire American free economy to one peak after another, but problems have followed in its wake!"

"At the beginning of 2000, the global Internet Bubble burst. On the day the stock market crashed, more than 3 trillion dollars were lost in a single day, and over 300 Internet companies collapsed;"

"In September 2001, the sudden arrival of the September 11 attacks caused the entire American economy to suffer another harsh winter;"

"In November 2001, the energy giant Enron collapsed with a bang;"

"In December 2001, Global Crossing fell;"

"As of now, in May 2002, WorldCom, the second-largest long-distance telephone communication company in the United States, is

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